United Spirits, Shaw Wallace merger in 4:17 ratio

United Spirits, the flagship spirits company of the UB Group, today set a merger ratio of 4:17 to complete the merger process of Shaw Wallace with itself.

Accordingly, Shaw Wallace shareholders will get four shares of United Spirits for 17 shares held by them in the company.

United Spirits had acquired Shaw Wallace for around Rs 1,300 crore around mid-2005 .

The appointed date for merger is April 1, 2007. With this merger, United Spirits will add Rs 50 crore to its Rs 500 crore bottom line and another Rs 350 crore to its Rs 4,000 crore top line.